1. Law of Demand
Description: Explains the law of demand with the help of demand schedule and demand curve.
Core Concepts: Law of demand.
Link: Video on law of demand
2. Determinants of Demand
Description: Explains the factors affecting demand with examples.
Core Concepts: Determinants of demand.
3. Exceptions to Law of Demand
Description: Explanation with help of animations.
Core Concepts: Exceptions to law of demand.
4. Shift in Demand Curve
Description: Explanation with the help of schedules and graphs.
Core Concepts: Shift in demand curve.
5. Moment Along the Demand Curve
Description: Explanation with the help of schedules and graphs.
Core Concepts: Moment along the demand curve.
6. Change in Quantity Demanded and Change in Demand
Description: Precise explanation with the help of graphs.
Core Concepts: Comparison between movements and shifts.
7. Consumer Behaviour: Consumer Equilibrium Cardinal Approach
Description: Graphical explanation of consumer’s equilibrium through MUA.
Core Concepts: Consumer equilibrium MUA.
8. Budget Lines and Indifference Curves
Description: Explains how consumer maximize the utility within the given budget constraint.
Core Concepts: Budget lines and indifference curves.
9. Indifference Curve
Description: Explains how consumer maximize the utility within the given budget constraint.
Core Concepts: Indifference curve.
10. Marginal Rate of Substitution - Indifference Curve
Description: Explains the marginal rate of substitution of good X for good Y with the help of indifference curve.
Core Concepts: Marginal rate of substitution.
11. Properties of Indifference Curve
Description: Demonstrates the properties of IC with the help of graphs.
Core Concepts: Properties of IC.
12. Consumer Equilibrium- Indifference Curve
Description: Graphical explanation of consumer’s equilibrium through ICA.
Core Concepts: Consumer equilibrium ICA.
13. Elasticity of Demand-Kinds of Elasticity
Description: Explains the types of price elasticity of demand with the help of graphs.
Core Concepts: Price elasticity of demand and its types.
14. Introduction to Price Elasticity of Demand
Description: Explains the types of price elasticity of demand with the help of numerical examples.
Core Concepts: Price elasticity of demand and its types.
15. Factors Affecting Price Elasticity of Demand
Description: Explanation of the factors affecting price elasticity with pictorial examples.
Core Concepts: Meaning & factors of price elasticity.
16. Elasticity of Demand- Percentage Method
Description: Solution of numerical problem of price elasticity of demand using percentage method.
Core Concepts: Calculation of price elasticity of demand.
17. Importance of Elasticity of Demand
Description: Explains the importance of price elasticity in making decision regarding price and factor prices and regarding taxation and exchange rate.
Core Concepts: Importance of price elasticity of demand.
Links:
18. Determinants of Price Elasticity of Demand
Description: Precise explanation of determinants of price elasticity of demand.
Core Concepts: Determinants of price elasticity.
19. Law of Supply
Description: Explanation of law of supply with the help of examples.
Core Concepts: Law of supply.
Links:
20. Factors Affecting Supply
Description: Demonstrates how the supply changes with the change in factors other than price, using graphs.
Core Concepts: Determinants of supply.
Links:
21. Changes in Supply and Shift of the Supply Curve
Description: Precise explanation of change in supply and change in quantity supplied with the help of graphs.
Core Concepts: Change in supply vs change in quantity supplied.
Link: Video on change in supply and shift of the supply curve
22. Exceptions to the Law of Supply
Description: Explanation the situations and nature of few commodities which defies the law of supply.
Core Concepts: Exceptions to the law of supply.
23. Elasticity of Supply
Description: Explains the types of price elasticity of supply with the help of graphs.
Core Concepts: Types of elasticity of supply.
24. Elasticity of Supply (Percentage Method)
Description: Solution of numerical problem of price elasticity of demand using percentage method and interpretation of the coefficients.
Core Concepts: Calculation of price elasticity of supply using % method.
25. Equilibrium Price
Description: Explanation of equilibrium with life examples.
Core Concepts: Determination of equilibrium price.
26. Equilibrium Price Determination
Description: Graphical explanation of equilibrium price determination.
Core Concepts: Determination of equilibrium price.
Link: Video on equilibrium price determination part 1
Description: Explains how the excess demand and excess supply maintains equilibrium.
Core Concepts: Excess demand and excess supply.
27. Changes in Equilibrium Price and Quantity
Description: Graphical explanation of possible changes in equilibrium prices and quantity with the change in demand and supply in isolation.
Core Concepts: Shift in demand and supply.
Link: Video on changes in equilibrium price and quantity when the supply and demand change
Description: Graphical explanation of possible changes in equilibrium prices and quantity with simultaneous change in demand and supply.
Core Concepts: Simultaneous shift in demand and supply.
Link: Video on equilibrium price and quantity from changes in both supply and demand
28. Cases of Simultaneous Shifts in Demand and Supply Curves
Description: Explanation of changes in equilibrium price and quantity with the simultaneous change in demand and supply.
Core Concepts: Simultaneous shifts in demand and supply curves.
Link: Webpage on 4 cases of simultaneous shifts in demand and supply curves
29. Production Function
Description: Explains the meaning production function, choice of technology and types of production function followed by follow up question.
Core Concepts: Production function.
30. Total Product, Marginal Product and Average Product
Description: Precise explanation of various cost concepts in short and long run.
Core Concepts: Total, average and marginal product.
31. Law of Variable Proportion
Description: Explanation of the various stages of law of variable factor and producer’s decision with the help of a schedule.
Core Concepts: Law of returns to a factor.
Links:
32. Law of Returns to Scale
Description: Explains law of increasing, decreasing and constant returns to scale with examples.
Core Concepts: Law of returns to scale.
33. Law of Variable Proportion Vs Law of Returns to Scale
Description: Differentiates the law of variable proportion and law of returns to scale comprehensively.
Core Concepts: Difference between LVP and LRS.
34. Average Cost and Marginal Cost curves- Relation
Description: Demonstrates the relation-ship between the AC and MC with the help of a graph.
Core Concepts: Relationship between average cost and marginal cost curves.
35. Short-Run Cost Curves - Total Cost
Description: Explains the nature of total cost in short run with the help of a schedule and graph.
Core Concepts: Short-run total cost.
36. Short-Run Costs AFC ATC AVC & MC
Description: Explains the nature of short run AFC, ATC, AVC and MC with the help of a schedule.
Core Concepts: Short-Run Costs AFC ATC AVC & MC.
Link: Video on short-run costs AFC ATC AVC & MC
Description: Graphical approach of the nature of and relationship among short run AFC, ATC, AVC and MC.
Core Concepts: Short-Run Costs AFC ATC AVC & MC.
Link: Video on short-run costs AFC ATC AVC & MC graphic approach
37. Long Run Average Cost Curve
Description: Explains the nature of LAC with the help of example and graph.
Core Concepts: Long run average cost curve.
Link: Video on short-run costs AFC ATC AVC & MC
Description: Demonstrates how to derive LAC curve from serious of SAC curves.
Core Concepts: Long run average cost curve.
38. Long Run Average Cost and Long Run Marginal Cost
Description: Demonstrates how to derive LMC curve from SAC and LAC.
Core Concepts: LAC and LMC curve.
39. Introduction to Perfect Competition
Description: Introduces the basic characteristics of perfect competition and market equilibrium with the help of graph.
Core Concepts: Perfect competition.
40. TR, AR and MR - Perfect Competition
Description: Explains the nature of TR, AR and MR under perfect competition with the help of numerical example and graph.
Core Concepts: TR, AR and MR - Perfect Competition.
41. How to Calculate Profit, Loss, and Marginal Cost in a Perfect Competition
Description: Explains the calculation of profit, loss, marginal cost in a perfect competition with numerical examples and graph.
Core Concepts: Calculation of profit, loss, marginal cost in a perfect competition.
Links:
42. TR, AR and MR Under Imperfect Competition
Description: Explains the nature of TR, AR and MR under imperfect competition with the help of numerical example and graph.
Core Concepts: TR, AR and MR under imperfect competition.
43. Introduction to Monopoly Theory
Description: Introduces the basic characteristics of monopoly and behaviour of revenue with the help of graph.
Core Concepts: Monopoly.
44. Circular Flow of Income Four Sector Model
Description: Step by step, comprehensive explanation of four sectors circular flow of income showing all the leakages and injections.
Core Concepts: 4 sector circular flow model.
45. National Income Accounting
Description: Explains various concepts of national income aggregates, derivation and their interrelationships.
Core Concepts: National income aggregates.
46. Gross National Happiness
Description: Explanation of GNH on Wikipedia.
Core Concepts: GNH.
Link: Webpage on Gross National Happiness
Description: Explanation the concept of GNH in simple animated video.
Core Concepts: GNH.
47. GNH Survey Report
Description: 2015 GNH survey report by Center for Bhutan Studies.
Core Concepts: GNH.
48. Gross Domestic Product
Description: Explanation of GDP on Wikipedia.
Core Concepts: GDP.
Link: Webpage on GDP
49. Differences Between GDP and GNH
Description: An essay on the difference between GNH and GDP.
Core Concepts: GNH vs GDP.
50. Importance of GDP
Description: An essay on importance of GDP on Investopedia.
Core Concepts: Importance of GDP.
51. GDP Vs. GNH: Rethinking What A Healthy Economy Means
Description: An essay on GDP Vs. GNH: Rethinking What A Healthy Economy Means by Forbes.
Core Concepts: GNH vs GDP.
Link: Webpage on GDP vs. GNH
52. Law of Comparative Advantage
Description: Demonstrates comparative cost advantage theory with numerical examples and PPC.
Core Concepts: Comparative cost advantage.
53. Balance of Payments Disequilibrium - Causes and Consequences
Description: Explanation of balance of payments disequilibrium, its causes and consequences.
Core Concepts: Balance of payments disequilibrium - causes and consequences.
54. Annual RMA Report 2020
Description: Contains the current balance of payment status of Bhutan.
Core Concepts: Annual RMA report.
Link: PDF on annual RMA report
55. Annual Budget Report 2020
Description: Contains the current balance of payment status of Bhutan.
Core Concepts: Annual budget report.
56. State of the Nation 2020
Description: Contains the current balance of payment status of Bhutan.
Core Concepts: State of the nation.
57. The Importance of Budgeting
Description: Analogy highlighting the importance of budgeting.
Core Concepts: Importance of budget.
